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Key Details
Sold Price $945,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23157663
Sold Date 10/06/23
Bedrooms 4
HOA Y/N No
Lot Size 5,271 Sqft
Property Description
Great Remodeled Spanish Bungalow Style 3 Unit Property in Bell, CA. 5.91% Pro Forma Cap Rate. Property was remodeled including but not limited to plumbing supply / waste lines, insulation, windows, 3 mini splits, 3 electrical meters, 3 gas meters, reinforced foundation, new floors, baseboards, doors, each unit has its own indoor laundry hook ups, kitchens, bathrooms, appliances, paint, landscape and automatic timers in front, new torch down roof. The bones and the aesthetic of this property have been revamped which makes for a great turnkey investment opportunity. Property is virtually brand new and will be delivered vacant. Property is a permitted Junior ADU with Detached ADU. As owner occupant this property can be purchased with 3.5% - 5% down payment. As an Investor it can be purchased with 20% down. In addition, the listing agent has a preferred lending partner that may have other non traditional loan products to explore. The City of Bell is a warm and friendly town composed of young families, small businesses, and an industrial district. Its convenient location and close proximity to transportation corridors including Interstate 5 (Santa Ana Freeway), Interstate 710 (Long Beach Freeway) and the Union Pacific Railroad make Bell an ideal venue for business interests. Bell is nestled between the San Gabriel Mountains and the port of Long Beach in the Los Angeles basin. It is only minutes away from Downtown Los Angeles, as well as cultural and sports attractions including Dodger Stadium, Staples Center, and the Walt Disney Concert Hall.
Great Remodeled Spanish Bungalow Style 3 Unit Property in Bell, CA. 5.91% Pro Forma Cap Rate. Property was remodeled including but not limited to plumbing supply / waste lines, insulation, windows, 3 mini splits, 3 electrical meters, 3 gas meters, reinforced foundation, new floors, baseboards, doors, each unit has its own indoor laundry hook ups, kitchens, bathrooms, appliances, paint, landscape and automatic timers in front, new torch down roof. The bones and the aesthetic of this property have been revamped which makes for a great turnkey investment opportunity. Property is virtually brand new and will be delivered vacant. Property is a permitted Junior ADU with Detached ADU. As owner occupant this property can be purchased with 3.5% - 5% down payment. As an Investor it can be purchased with 20% down. In addition, the listing agent has a preferred lending partner that may have other non traditional loan products to explore. The City of Bell is a warm and friendly town composed of young families, small businesses, and an industrial district. Its convenient location and close proximity to transportation corridors including Interstate 5 (Santa Ana Freeway), Interstate 710 (Long Beach Freeway) and the Union Pacific Railroad make Bell an ideal venue for business interests. Bell is nestled between the San Gabriel Mountains and the port of Long Beach in the Los Angeles basin. It is only minutes away from Downtown Los Angeles, as well as cultural and sports attractions including Dodger Stadium, Staples Center, and the Walt Disney Concert Hall.
Location
State CA
County Los Angeles
Area Bell (90201)
Zoning Assessor
Building
Lot Description Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
Financing Conventional
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